DOGEBTC Long - Oversold on the weekly
One of crypto's oldest coins acting as a flea on the LTC network. Wide circulation and media exposure and support from Ledger and various online services.
Demand zone is lower at 15 - 20 sat, but DOGE along with most other alts are already heavily oversold because people are emptying their DOGE wallets to exit to BTC while it's still above 10K.
BTC has failed to push ahead to 11K (how many rejections do we need?!) so further selling pressure is unlikely.
Last night I was deciding whether to buy MONA or DOGE, went for DOGE and missed out on a sweet 40% overnight increase. Keep an eye on meme coins for explosive movement when historic lows are reached.
- Casey
Demand zone is lower at 15 - 20 sat, but DOGE along with most other alts are already heavily oversold because people are emptying their DOGE wallets to exit to BTC while it's still above 10K.
BTC has failed to push ahead to 11K (how many rejections do we need?!) so further selling pressure is unlikely.
Last night I was deciding whether to buy MONA or DOGE, went for DOGE and missed out on a sweet 40% overnight increase. Keep an eye on meme coins for explosive movement when historic lows are reached.
- Casey
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